Saturday May 23rd, 2015
Saturday May 23rd, 2015
Latest

Top 10 performing stocks

  /   in Investors Forum, News 12:12 am   /   Comments

Bottled Water

Beta Glass Company Plc in the Packaging /Container sub sector on the Nigerian Stock Exchange, NSE led the top ten gainers chart last week ending Friday 15thMay 2015, rising by 10 per cent to close at N33.00 per share from N30 per share penultimate week. Beta Glass Company Plc has proposed a dividend of 62 kobo per share to its shareholders for the financial year end of 2014 as the closing date for its register has been fixed for 12thJune, 2015.

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Reverse policy or pay interest on cash reserve, shareholders tell CBN

  /   in Investors Forum, News   /   Comments

CBNHQ400

Mr. Adebayo Adeleke of Independent Shareholders Association of Nigeria ISAN : When the CBN says 20 per cent and they are locking up the money, banks don’t have access to it, neither are they paying any form of interest on it. It is a double jeopardy situation for the banks because banks are paying to NDIC for insuring the same fund over everybody that has deposited. So when the owner of that money comes, the bank is meant to pay the owner interest on the whole sum, while 20 percent is held by CBN.

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Transcorp gross earnings rise to N41.3 bn

  /   in Investors Forum, News   /   Comments

Transcorp

Transnational Corporation of Nigeria , Trascorp Plc has recorded gross earnings of N41.3 billion for the financial year ended December 31, 2014. In his address to shareholders duriiing the 9th Annual General Meeting, AGM , Chairman of the Board of Directors , Mr. Tony O. Elumelu, highlighted the operational excellence that has guided Transcorp’s turnaround from takeover in 2010, to increased performance in the year under review indicated that gross earnings increased from N18.8 billion to N41.3 billion , a reflection of the first full year of earnings from the power business.

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Top 10 performing stocks

  /   in Investors Forum 12:52 am   /   Comments

Unlike the Stock market, Forex trading is Online

Dangote Cement Plc led the top ten most active stocks last week. The shares of the company rose by N9.50, representing 5. 4 per cent increase. Specifically, Dangote Cement shares which opened penultimate Thursday at N175.00 closed last week Thursday at N184.70 per share.

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E-dividend mandate’ll reduce unclaimed dividend – Shareholders

  /   in Investors Forum   /   Comments

atm-finger-print

Electronic Dividend (e-dividend) was introduced to forestall the rising incidence of unclaimed dividend in the Nigerian Capital Market. Shareholders who spoke with Vanguard Investors Forum, explains how e-dividend work and its benefits over paper dividend.

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Banking without mercy (2)

  /   in Investors Forum 12:44 am   /   Comments

atm-cash

The tendency for banks to exploit customers to enhance revenue and profitability is reflected in the complaints below from two bank customers.

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Publication of bank debtors: Pointer to future reforms in industry

  /   in Investors Forum 1:01 am   /   Comments

In order to strengthen the soundness of the banking industry, the Bankers Committee at its last meeting agreed to publish in newspapers names of its chronic debtors. The Committe also agreed to deny such debtors access to foreign exchange. Shareholders in this interview commended this decision saying the incoming government should do a lot in the area of banking reform.

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Banking without mercy

  /   in Investors Forum   /   Comments

ATM-Naira-and-Dollar

Some years ago, a couple opened a savings account for their children, twins, with one of the big banks, where they deposited all the monetary gifts received during the naming of the boy and girl.

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Why SEC’s Complaint Management framework may not work (3)

  /   in Investors Forum 12:49 am   /   Comments

1000-naira-notes

Why should it take two days for an organisation to acknowledge an email message or five days to acknowledge a message received by post?

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Post elections: Stock market will bounce back, but

  /   in Investors Forum   /   Comments

Unlike the Stock market, Forex trading is Online

Now that elections are over, especially the Presidential and Governorship, shareholders in this interview are of the opinion that the market will bounce back but not recover immediately, just as they said that the foreign investors that left the market to see the outcome of the elections will return back to the market.

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Latest

Top 10 performing stocks

  /   in Investors Forum 12:49 am   /   Comments

Nigerian-Stock-Exchange-(NS

On the top 10 performing stocks last week were the shares of Fidelity bank plc, National Aviation handling Company, NAHCo Plc, Zenith International Bank Plc, Oando plc, Guaranty Trust Bank Plc and United Bank for Africa, UBA Plc. The rest were International Breweries Plc, UACN Property Development Co. Plc, Glaxosmithkline Consumer Nig. Plc and National Salt Company, NASCON Plc.

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Why SEC’s complaint framework may not work (2)

  /   in Investors Forum   /   Comments

File photo: The  floor of Stock exchange

THERE is a prevalence of poor attitude to customers’ complaints in the capital market. The experience of many investors in this regard is reflected in the email received from Investor Oyekunle, published in the last edition.

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Top 10 performing stocks

  /   in Investors Forum 12:08 am   /   Comments

File photo: The  floor of Stock exchange

On the top 10 performing stocks last week were the shares of Honeywell Flour Mill Plc, Glaxosmithkline Consumer Nig. Plc, Costain (West Africa) Plc, Aiico Insurance Plc, Wema Bank Plc and Champion Breweries Plc.

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Suspension of audit c’ttee rule: “Shareholders not carried along”

  /   in Investors Forum 12:57 am   /   Comments

Gbadebo

THE Securities and Exchange Commission, SEC approved the suspension of Rule 42 (5)(e) of the Consolidated Rules and Regulations of the Commission for 90 days, effective February 25, 2015. The suspended rule provides: “Membership of an Audit Committee shall be for a term of three (3) years, subject to good performance; Provided, that such Member shall not be eligible for re-election until the expiration of three (3) years after his previous term”. In this interview with Alhaji Gbadebo Olatokunbo, shareholder activist, he said the regulators should listen more to the shareholders.

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Top 10 performing stocks

  /   in Investors Forum   /   Comments

Unlike the Stock market, Forex trading is Online

On the top performing stocks last week were the shares of May & Baker Nigeria Plc, UBA Capital Plc, Cadbury Nigeria Plc, NPF Microfinance Bank Plc, Fidelity Bank Plc and Cutix Plc. Others were International Energy Insurance Company, IEI Plc, FCMB Group Plc, Transnational Incorporation of Nigeria (Transcorp) Plc and Caverton Offshore Support Group Plc.

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How about non-financial investment? (2)

  /   in Investors Forum 1:07 am   /   Comments

1000-naira-notes

Some readers requested for non financial investments. They want to invest but not in financial instruments like shares, bonds, bank deposits etc.

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Latest

Top 10 performing stocks

  /   in Investors Forum   /   Comments

Nigerian-Stock-Exchange-(NS

Interestingly, the list of top 10 performing stocks was dominated last week by the shares of banking stocks as they begin to issue their 2014 financial statements and accounts to the investing public.

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Shareholders throw weight behind demutualisation of NSE

  /   in Investors Forum   /   Comments

adeleke

Securities and Exchange Commission SEC, the apex regulatory agency of he Nigerian Stock exchange , stepped up efforts for the demutualisation of The Nigerian Stock Exchange (NSE), when it issued “Exposure draft rules on demutualisation of exchanges in Nigeria.”Shareholders in this interview have further backed the move.

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Latest

How about non-financial investment?

  /   in Investors Forum 7:12 pm   /   Comments

economy

In the last edition, we published some of the responses of readers to the series on “You Can Invest”. Among other things, these responses reflect that Nigerians are interested in investment, and they are willing to learn, or acquire the necessary knowledge. Some of the responses were from young people, below 25 years, which is good for the future of the country.

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NB ventures into bitters market

  /   in Investors Forum 12:57 am   /   Comments

alcohol

Nigerian Breweries, NB Plc, NSE has said that it is venturing into the Nigeria bitters drink market with ACE Roots.

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Latest

Top 10 performing stocks

  /   in Investors Forum   /   Comments

Nigerian-Stock-Exchange-(NS

On the top 10 performing stocks last week were shares of UAC of Nigeria Plc. Union Bank of Nigeria Plc, Julius Berger Nig. Plc, Access Bank of Nigeria Plc, Ikeja Hotels Plc, and Chemical and Allied Products, CAP Plc.

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Demutualisation of Stock Exchange will attract more companies

  /   in Investors Forum   /   Comments

File photo: The  floor of Stock exchange

Securities and Exchange Commission SEC, the apex regulatory agency of the Nigerian capital market, stepped up efforts for the demutualisation of The Nigerian Stock Exchange (NSE), when it issued “Exposure draft rules on demutualisation of exchanges in Nigeria.”

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Readers response to ‘You can Invest’

  /   in Investors Forum 12:52 am   /   Comments

economy

Last week’s article concluded the series on “You can Invest”. Expectedly the series generated some reactions from readers in the form of questions and comments. A few of the questions and our responses are presented below for the benefit of other readers.

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Shareholders condemn SEC over dividend rulings (2)

  /   in Investors Forum   /   Comments

Unlike the Stock market, Forex trading is Online

SEC has come up with a new rule that dividend would be returned to the company to start up a new business outside its original business after one year of release without claim from shareholders. In continuation from last week’s edition, shareholders disapprove of such rule. They further argued that registrars also constitute a major challenge to the issue of dividend collection. This is because they do not effect change of address received from shareholders among others.

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Don’t invest in ‘get rich quick’ schemes

  /   in Investors Forum 12:55 am   /   Comments

economy

There are people that know they need to invest but they are afraid of losing money. The fear is fuelled by stories of friends, relatives or colleagues who had lost money in one investment or the other. But there are also stories of people who invested and did not lose money. To achieve this, all you need to do is observe the five basic laws of money.

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Shareholders condemn SEC over dividend rulings (1)

  /   in Investors Forum   /   Comments

shareholders

SEC has come up with a new rule that dividend would be returned to the company to start up a new business outside its original business after one year of release without claim from shareholders. In this interview, shareholders disapprove of such rule. They argue that companies do not release the dividend warrant until after four months and that the dividend warrant would also go through other processes, therefore the directive cannot work unless the Companies and Allied Matters Act is ammended.

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Latest

Top 10 performing stocks

  /   in Investors Forum   /   Comments

Unlike the Stock market, Forex trading is Online

On the top 10 performing stocks were the shares of Airline Services and Logistics, ASL Plc, Seplat Petroleum Development Company plc, Cadbury Nig. Plc, Okomu Oil Palm Co. Plc, Cement Company of Northern Nigeria, CCNN Plc and Vitafoam Nig. Plc.

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I don’t want to lose money (3)

  /   in Investors Forum 12:48 am   /   Comments

1000-naira-notes

“Money is lost when invested in things you are not familiar with”. This is the fourth basic law of money, according to the Richest Man in Babylon. It is also the reason why many people lose money in investment. It appears simple, but unfortunately, it is often ignored or taken for granted by investors.

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Top 10 performing stocks

  /   in Investors Forum   /   Comments

Nigerian-Stock-Exchange-(NS

On the top 10 performing stocks last week were the shares of R.T Briscoe Plc, Dangote Flour Mills Plc, UACN Property Development Plc, Ikeja Hotels Plc, Champion Breweries Plc and National Salt Company of Nigeria (NASCON) Plc.

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‘I don’t want to lose money’ (2)

  /   in Investors Forum 12:56 am   /   Comments

1000-naira-notes

It is possible to invest and not lose money. Examples abound of people who invested and did not lose money; hence the fear of losing money is not a justifiable reason for not investing.

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Latest

Top 10 performing stocks

  /   in Investors Forum   /   Comments

Nigerian-Stock-Exchange-(NS

On the top 10 performing stocks last week were the shares of Dangote Sugar Refinery Plc, P.Z Cusson Plc, Ikeja Hotels Plc, Okomu Oil Palm Co. Plc, Costain (West Africa) Plc, and Presco Plc. Others were Chemical and Allied Products, CAP Plc, Ecobank Transnational Incorporated, ETI Plc, NPF Microfinance Bank Plc and UACN Property Development

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‘I don’t want to lose money’

  /   in Investors Forum 12:24 am   /   Comments

1000-naira-notes

The series on “You can invest”, which dove-tailed into the one on “Why you are not investing”, received interesting responses from readers.

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